An example of using the confluence of a major VPVR level with a trend line breakout in order to place an entry.
DGD is a coin that has designated itself as the stable coin of the crypto world, its use similar to precious metals in a bear market. Viewing the chart on the 6 hour chart, we can see through VPVR that there is good support around the high .020s region, protecting DGDBTC from breaking out of its trend channel. However, what's also seen is its resistance levels...
Support is holding matching with volume profile. Guppy are compressing. Possible new ATH in may.
BTC is breaking out of a long term, down-trending channel @ around the $10,700 level. Major VPVR and Fibonacci levels imply there will be further resistance up until about $11,272. A break of that price level could cause a move all the way up towards the 0.618 Fibonacci level @ $14,506 in the near future.
Resistance/short reasons: Very wide VA POC above Speedfan from peak Speedfan from trough Has yet to break Fib retracement .382 Volume dying off Double top on RSI and on the .382 region These are my own opinions for short term .
VPVR shows us that NEBL is at a very healthy price level. The white lines around it shows the developing VA, value area; where all the trade is happening. The POC, point of control, shows where the very most trading volume took place. It's the chalk blue horizontal line We're at the bottom of this and the only way is up! RSI is above 50; for me, this is a very...
A confluence of bullish moving average crosses and price level moving above major VPVR resistance levels.
We're going to hit the fib line and RSI is at 70. I am expecting a few hundred dollars dip before it resumes. Then I believe it will dump a >$500 at $12,000. Not sure if it would break the speed resistance fan line, but it can rest on the next price trend line like it has done when we hit $9,000. Overlay shows either shorts increasing or longs have been...
Predictions for short term (1-7days): 9000-11500 Drop: $9700 - $9800 - $10050 - $10300 - $10500 High volatility possible in lower 9k region if we go there, 8k lowest if something crazy happens, ex. extreme bullrun Based on Vol Profile and retracements. Up: $10900 - $11500 Barring a huge dump, I believe we will continue to consolidate in the $10,000s region....
I first noticed VEN when binance announced their promotion . After reviewing this coin, I have decided to enter at a favorable position. Its got all the green flags you need in an altcoin, and the potential for its future is immeasurable. Fundamentals Take a look at this article ( steemit.com ); it lists 8 bullish signals. With the Binance promotion, there...
This is just a short term long idea, however I think that $USOIL is currently undervalued and may trigger a rally to new highs. Stay tuned for when I post my idea of my longer term view of USOIL -0.82% . Goodluck :)